Mike Obel

Senior News Editor
1171-1200 (out of 1977)

Mike Obel works as senior news editor for International Business Times. Prior to joining IBT, he worked on the Finance Desk of The Associated Press in New York. He has also worked for United Press International in Dallas and Philadelphia and the Oil & Gas Journal. Mike has done freelance work for newspapers and worked in public relations, speech writing and communications for BP and ConocoPhillips.

Mike Obel

Peaceful Demonstration at Newmont Mining Site in Peru

A one-day protest by communities in the northern region of Cajamarca on Wednesday against Newmont's $4.8 billion Conga gold project was peaceful and did not hurt mining operations, the government and the company said.

AngloGold Ashanti Eyes Deep Mining to Boost Reserves

The chief executive of AngloGold Ashanti said the world's No. 3 gold producer could employ deep-mining technology under development in South Africa in other countries, with future ore discoveries expected to be far below the surface.

Gold Tops $1,800 as Italy's Govt Teeters

Gold rose above $1,800 an ounce on Tuesday for the first time in over a month, fueled by worries that a teetering government in euro zone's third largest economy Italy would deepen the region's debt crisis.

MF Global's Metal Trading Clients Face Challenges

Metals clients of failed U.S. broker dealer MF Global's British unit face delays in their positions being transferred to new brokers after a problem with London Metal Exchange (LME) data slowed the migration process, industry sources said on Tuesday.

Grasberg Miners Back Down on Pay Demand

Freeport McMoRan Copper & Gold Inc's union in Indonesia will consider almost halving its pay demand if the firm agrees an extra pay hike when workers are promoted, the union said on Tuesday, taking the near two-month strike a step towards resolution.

Gold Poised to Climb Past $1,800

Gold prices Tuesday bumped around the previous day's closing price on profit-taking but safe-haven buying and favorable currency moves appeared set to lift the metal above $1,800 per ounce.

Coeur d'Alene Mines Swings to Profit in 3Q

Coeur d'Alene Mines Ltd. swung to a profit in the third quarter as silver prices doubled and gold production increased, said the company, the largest U.S.-based silver producer.

Wesdome Gold Resources 3Q Loss Widens

Wesdome Gold Resources Ltd.'s third-quarter loss increased as challenging ground conditions and difficulties attracting skilled development miners cut gold production, the Toronto-based company said Monday.

Yukon-Gold Narrows 3Q Loss

Yukon-Nevada Gold Corp. reduced its third-quarter loss on higher gold prices and increased gold production as well as a gain on warrants.

Germany's Gold Cannot be Touched - Economy Minister

Germany Economy Minister Philipp Roesler said on Monday the country's gold reserves with the central bank cannot be touched, adding his voice to opposition to an idea reportedly discussed at the G20 summit of using reserves to boost euro zone bailout funds.

Outotec Books More Orders for Petropavlovsk Gold Project

Outotec signed two contracts worth a combined $47 million for detail engineering and delivery of gold pressure oxidation technology with the Russian Petropavlovsk Group of Companies as the group develops a gold mine in the Amur region of Russia's Far East.

Kazakhstan to Build a Third Gold Refinery

Kazakhstan plans to begin construction of a third gold refinery next year to process an expected increase in volumes of the precious metal, the country's Industry Ministry said on Monday.

Gold Falls on Thin Volume, Follows Risky Assets

Gold fell on Friday in one of the quietest trading day, as the metal tracked riskier assets on fresh worries about the euro zone bailout fund and a mildly encouraging U.S. nonfarm payrolls report.

Pages